Solana’s funding amount is far ahead of the rest—active developers and a clear, compelling narrative really do attract capital.

Wu said that according to CryptoRank data, over the past 12 months (LTM), in public funding across blockchain ecosystems, Solana ranked first with $884 million, Ethereum second with $529 million, and BNB Chain third with $451 million. Base, Sonic, Monad, and Hyperliquid L1 received $307 million, $222 million, $188 million, and $55 million respectively. CryptoRank stated that public market funds are increasingly concentrated in ecosystems with active developers, a strong user base, and clear narratives.